Based on the Following Information, Compute (A) Inventory Turnover; (B)

question 120

Essay

Based on the following information, compute (a) inventory turnover; (b) average daily cost of goods sold using a 365 day year; and (c) number of days' sales in inventory.
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Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

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Definitions:

Carbon Monoxide

A gas that is clear, has no smell, and is poisonous, resulting from the incomplete burning of materials containing carbon.

Anaerobic Respiration

is a process by which cells generate energy in the absence of oxygen, using other electron acceptors to metabolize substrates.

Cigarette Smoking

The act of inhaling smoke from burning tobacco wrapped in paper; a leading cause of numerous health issues, including lung cancer.

Motor Vehicle Emissions

The gases and particles released into the atmosphere as a result of the combustion of fuels in motor vehicles, contributing to air pollution and environmental harm.